home >> Taku Gold news >>October 6, 2006

CZM News Room

October 6, 2006

CZM Closes $483,500 Non-Brokered Financing
Vancouver, B.C., Canada, CZM Capital Corp., (TSXV: CZM), is pleased to announce that the TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Aug. 23, 2006.

Proceeds of this non-brokered private placement total $483,500. The private placement consists of 1.58 million flow-through shares at $0.25 and 354,000 common share units at 25 cents consisting of one common share and one share purchase warrant. Each warrant is exercisable into one common share for two years from the closing date at a price of 35 cents per share in the first year and 50 cents per share in the second year. The proceeds of the private placement will be allocated primarily for the exploration and delineation of the TAG gold/silver property that the Company drilled in May 2006. The shares are subject to a hold period of four months and one day from the date of issuance. Finder's fees will be paid in connection with this financing.

In June 2006, CZM announced results from twelve holes drilled on the "Main Zone" and "Bearox Zone" of its TAG gold-silver property within the Atlin Mining Division of British Columbia. The Property is located 6 km north of the past producing Engineer Mine.

Grades from drilling range up to 7.5g/t Au and to 106.5g/t Ag.

CZM is currently constructing a year round camp on the TAG property in preparation for a fall 2006 drill program of up to 2000m of NQ-core diamond drilling. Drilling will test for further mineralization along the 6km long fault structure that crosses the TAG property and test the structure at depth on the Main Zone. Metal values from surface sampling to date, range up to 18.7 g/t Au, 1374 g/t Ag. The objective of the program will be to test for ore grade gold and silver along the fault structure.

About CZM Capital Corp.
CZM Capital Corp. is a resource exploration company focused on the exploration and development of precious metal properties in Canada.

On behalf of CZM Capital Corp.,
Zachery Dingsdale
President & CEO

CZM Capital Corp. is a resource exploration company focused on the exploration and development of precious and base metal properties in Canada.

Please read our Disclaimer.

For further information please fill out an Information Request Form or call
1-905-377-0989.